Economic Calendar

Tuesday, June 23, 2009

Actuant, Intersil, MetroPCS, Rambus, Tyco: U.S. Equity Preview

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By Lu Wang

June 23 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading.. Stock symbols are in parentheses.

Actuant Corp. (ATU US): The industrial-tools maker said it plans to offer 9 million shares of stock and use the proceeds to repay debt.

Halozyme Therapeutics Inc. (HALO US): The biopharmaceutical company said it plans to sell as many as 5.2 million shares in a public offering.

Intersil Corp. (ISIL US): The semiconductor maker boosted its revenue forecast, projecting sales of at least $145 million in the second quarter. That beat the average analyst estimate of $128.8 million in a Bloomberg survey.

MetroPCS Communications Inc. (PCS US): The pay-as-you-go mobile-phone provider will replace Tyco Electronics Ltd. (TEL US) in the Standard & Poor’s 500 Index after the close of trading on June 29, S&P said in a statement.

Rambus Inc. (RMBS US): The California memory-chip designer reduced its sales forecast, saying it now expects to report second-quarter revenue of $27.2 million at most. The company also said it plans to offer $150 million of convertible senior notes.

To contact the reporter on this story: Lu Wang in New York at lwang8@bloomberg.net




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